Frito-Lay sees 8% growth

Frito-Lay continues to see growth with the company reporting 8% growth in worldwide snacks volume in the third quarter of 2011 compared to same period previous year.

The most valuable business division of PepsiCo saw its net income and revenues increased 4.1% and 13.3% respectively. However, the gross margin declined by 3% to around 52% due to increasing costs.

PepsiCo says in a statement, “We expect Frito-Lay’s international market share will keep improving as PepsiCo expands operations in under-penetrated markets and continues to build its brand image.”